₦airaland Forum

Good speculating people,
Tmoni try and sell if you can b/c the price will go below 9.10 the NSE can get bearish when it wants to.  
If you do sell b4 it goes below your cost price then take the profit.  WEMA does have the ability to pick up again though like Wanaj0 I will wait till it gets close to when the next set of results will be posted b4 picking them up again.
Hope they are getting their books really clean.
Cheers

Hello folks
I saw this info
FOR THOSE WHO HAVE BEEN ASKING ABOUT TRANSFER FROM ONE BROKER TO ANOTHER

How to move your account from broker to broker
By Bosede Olusola-Obasa
Published: Monday, 29 Oct 2007
Having a sense of satisfaction or being firmly in charge of your stocks investment is as important as what you realise from your investments.

If you have been getting a contrary feedback from your stockbroker or finding it difficult to manage him, you have an option to disengage his services and findings show that this is quite an easy process.

Investors do complain about their inability to get on well with their stockbrokers, but what many do not know, perhaps, is that there is a platform to formally switch from their point of dissatisfaction to satisfaction.

Whatever you do, ensure that you can at least vouch for the integrity of your stockbroker as this forms the bedrock of doing business at the stock market.

Recently, an aged female retiree narrated how she had been having difficulty selling a particular stock through her stockbroker.

Since she could not get any reasonable results using the telephone, she had to visit his office on one of the floors of the stock exchange building over every detail in spite of her ailing health.

This scenario is just one of the reasons an investor may want to switch over to another stockbroking firm.

The Chief Operating Officer, Centre Point Investments, Mr. Jire Oyewale, notes that some of the steps necessary for such a change include writing a formal letter that is signed and addressed to the Director-General of the Nigerian Stock Exchange.

The letter will indicate your decision to transfer your account from a resident (current) stockbroking house to a target (new) stockbroking house.

The current Central Securities and Clearing System statement and inter-member transfer form wherein the details of stocks, that is, name of stock and quantity is obtained.

The investor will fill his portion of the inter-member transfer form and sign on investor’s portion.

The form is then taken to the resident stockbroking house for signature and stamp of the managing director and accredited representative of the company.

A fee of N200 is paid to the resident stockbroking house at this point.

The managing director of the target stockbroking house as well as an accredited representative will also sign the inter-member transfer form and affix the company stamp.

When this is done, all the documents will be taken to the stock exchange for processing.

He, however, adds that for a moribund resident house, a letter of indemnity will be done by the target house to notify the exchange on any loss or problems that might arise as a result of the transfer in future.

THE REST CAN BE FOUND AT

http://www.punchng.com/Articl.aspx?theartic=Art200710291382478


Cheers

Tmoni:
that means with amixture of carefull and risky investments ,
we shld be able to gain at least 40%,

because i want to do a portfolio management and also take a loan on existing securities to open a trading acct,
interest rates of about 17 -18%,
hv to make at least 36% and above for it to be a fruitfull venture,

PLS, WHO HAS AN IDEA ON A PRIVATE PLACEMENT BY ETB
cheers

No idea about ETB pp.
As for margin facilities please as a suggestion get a trustworthy broker and do your home work well or you might be working for whoever gave you the facility, I believe thought that with adequate research into which coy one wishes to buy 50% ROI is a possibility on the NSE.
Cheers

pinokio:
You guys are simply fabulous. This is the most profitable thread on the web, i swear! Bros wanajo, easimoni et al i just got info that unity bank is planning a po for early nxt yr, and last friday i told my stockbroker to dispose of all my shares in the bank sop i could use the proceeds to buy japaul and fcmb. what do u think i should do? should i go on with the sale or should i keep some and sell some. Time is money
p.s. Wouldnt hurt to hear some info about the skye shelter fund. Keep up d good work folks

Pinokio (nice name),
Hope you still watch the cartoons,
Unity unity, think that is the bank the emerged from the merger of 7 abi 9 banks. I believe they will turn around when they can resolve all their differences, However if you cant wait go ahead off load and pick on some of the good offers around.

The shelter fund should be out on the exchange soon its a fund like mutual funds so its a defensive investment. If you must invest in real estate then buy UPDC, or Union homes which are into mortgage. Have not checked their fundamentals so please others in the house help.
Cheers

Allcorrect:
@wanaj0

Ani reasons y i should not change brokers?? Does it tak time

I hear they dont like loosing anyone hence the suggested delay. I have not been in such a situation before. However I suggest you open another account with a stockbroker that meets you taste and compare before you transfer.


Now to my question: I have about 100k that i want to use to buy mutual fund from Cashcraft and
Union trustees ltd but am not all that convinced as regards the returns on funds compared to shares/stock.

tonyjon,
The stock market does yield more returns than mutual funds simply because mutual funds are conservative and defensive investments (investments that are almost obliged to yield returns) some of them are even guaranteed. Imagine you gave the 100k to Cashcraft and they say we lost your money sure you would HOLLA. So they tend to buy blue chip companies which give low returns but near certain returns on investment eg Firstbank, UBA, Wapco etc.
However if you buy say WEMA like Wanaj0 you could make 30% returns in 3 days, Speculating. However this would be a very risky venture for mutual fund managers, as WEMA is a serious gamble because they have not really had results for at least a year making calculation of profit and earnings difficult.
So do you want a guaranteed >20% return or a >50% "not too sure" return on your investment?
The choice is yours

(However with a good pick and the way the NSE is now you can comfortably make >50% return on investment in about a year.)

Cheers

MyPeace:
thank you so much

do u know likely when Bank PHB and Costain is coming to the market?

l want to know how to plan my money,

Been expecting PHB this month. However with the changes asked by the sharehoders, it might be November or early next year. Can't recall seeing offers in December.
Costain should be out also before the end of the year share holders have okayed the offer, see http://www.stockmarketnigeria.com/2007/10/03/costain-west-africa-plans-hybrid-offer/

This nigeria securities site is cool
Thanks Pumping777,

Talktrue:
@Gurus in da house

What is net asset per share
what is projected growth and the implication when it is negative

Investopedia didnt help much.
counting on your help.

Total quantification of assets (in naira) divided by the total number of outstanding shares.
Negative projected growth refers to the growth expected in the next year of production by a company. Projecting a negative growth would indicate a lack of profit or some other issue. Companies posting this smell of some trouble, tread softly

tonyjon:
Geees/ Yodiyokun,

Sorry for the omission. The three banks are: 1. BANK PHB 2. FIDELITY BANK 3. FCMB.

tonyjon.

Tonyjon,
These are just suggestions please.
I would go for these the three in this order
1.PhB: Read something like President has his funds abi shares in the bank (pls confirm saw this when he declared his assets), besides they posted some good profit.
2.Fcmb: good banks with prospects

Fidelity?? cant make any suggestions about this bank because i dont know much about it.

pumping777:
I don't suggest averaging out. I'm not convinced NASCON has stabilized. Which is why I am saying that analysis to back up the current price as a fair price is needed.

Pumping777,
My apologies for misquoting you.

kpineo:
@ wanajo
Sold IBTC for 20.50 on Monday against the advice of my brokers. I guess this shows one must always go with ones gut feelings.
@ all
can someone please analyse NASCON for me. Am bleeding here
don't know there number of outstanding shares as i know i can't follow the NSE site 100%.

Gut feelings yes but talk of a good team of brokers that will do the job. Not advertising any broker but most of those in the country are not that efficient yet. Congrats Wanaj0, this is where the stock market is interesting.

NASCON? me no no! All i can say is that its no more the toast of the market so it might take some time before folks get interested in it again to create suffcient demand to raise its share price. Might as well get some more to average out as think Pumping777 suggests.

tonyjon:
Hi Geees/yodiyokun,

If you are to put these three banks on a scale(scale of preference)
in terms of purchase if you are to buy and you have the money,
how will the scale look like?.

tonyjon.

Which three?

cashoggy:
Hi everyone,
Does any one have an idea how the lawsuit between Federal Government/Kano State government again Neimeth/Phizer is going to affect the company. I just bought some of their shares and I'm wondering if I should dispose them before the price drops further.Thanks

That is negative news which may push Neimeth prices down further. The decision is yours.
How much do you have in it, when are you looking at taking profit, can you do with a 50% loss in your invested money or loose it completely? then continue
However are you waking up scared each day?
Then please sell for High Pressure is more costly
Cheers

MyPeace:
Thanks Wanajo, but they said the will use the new fund for shares and bonds. lts a new fund different from the old existing one.

My peace,
If you are risk averse then a mutual fund may suit you.  However like Wanaj0 if you put all that money in a conservative stock on the exchange, you would most likely make more money than the fund in the same period of time for the fund to post profit (usually a year).  This is a proven fact. Question is which ones are these good stock pics, some insurance stocks are still the toast of the market,
Keep you ears to the ground visit these forums and you will be glad you did.
Cheers

felo 12,
Japaul site is on again just checked like 5 mins ago

bLacK GoLd:
I'm sorry to say but most stockbrokers are people that passed the stages of exams set as a measure for qualification(they most at times don't know the rules of investing) but in honest truth the people that make more money in the market are those with good instincts which at times may involve some risk taking(u may ask Warren Buffet )

We all would agree that the banking sector is the most active sector for now in every sense of the word (employment, profits,stockmarket please name on!)

Now fidelity's IPO is currently selling at N8 while FCMB's IPO is selling at N14, in as much as i carefully analyse the prospectus and also use tools available at SBAresearch, lets look at the probability of doubling for a short-time investor(pardon me long timers )

At N8, Fidelity bank is one of the few banks below the N10naira mark and while racing to catch up would easily double in price while FCMB at N14 is above the mark and would find it hard racing up to its 'elder brothers' such as Oceanic and Intercontinental which may take a longer time for FCMB to achieve a doubled price.

MY TAKE

Its always best to enter low.

Bobs,
That is just one way to look at the situation here is another way
PROFIT DRIVES PRICE- that is apart from the sentimental investors. Value investors look at how much value one coy has. I think FCMB has more value for now than Fidelity. That should drive up and SUSTAIN the price. Entering low on a poor coy will still not yield good returns.
Cheers

tonyjon:
wanaj0,

Thanks for the reply.

The guy had not been to Nigeria for quite sometime now so he will need some other info. from you.

1. Like how much do you think the affidavit will cost ?.

2. How much will the newspaper advert cost and what is the procedure to follow?.

3. For the signatures, does he need bank confirmation for both old and new signatures?

4. Do you have an idea of how long this process will take before completion because the guy has about ten certificates from different companies/banks?.

Waiting to hear from you.

tonyjon.

tonyjon,
Here are some suggestions
1. It may take some time (months) to get all the papers needed, some questions; Did the person keep tap with the home bank? If not might take a while to get a bankers confirmation of signature especially if the account is dormant.
2. Advert costs differ with newspaper
3. Get a broker DOUBLE FAST and they can do the leg work once you have armed them with bankers confirmation of signature for both signatures.  Afterwards the certificates can be left with the brokers to pursue verification collect evidence that the certificates are with the brokers too(reciept and a photocopy of the certificate).
4. Open a cscs account (the brokers will help do this) with this you can now see all the shares verified.
5. The rest i can't answer
Cheers

rasputinn:
I had wanted 2 buy Fidelity shares but my stockbroker said he preferred FCMB that they had better fundamentals.As a result I'm thinking of spliting the funds 50-50 between FCMB and Fidelity because I think Fidelity is good too.What say you nairalanders??

Hello,
Say when do you want to see returns on your investment?
I think FCMB has better fundamentals meaning you are not likely going to lhave a better ROI.
These are my thoughts at least i hear more FCMB bank related businesses than Fidelity.
Cheers

wanaj0:
EPS (basic) is the EPS for that year based on the outstanding shares for that particular year

EPS (adjusted) is the EPS adjusted for increased in outstanding shares over the years. This is just to show that even though the EPS bsic of a company may have decreased year on year, when you look at the adjusted EPS (if the company has declared a bonus or make an offer) it may actually have increased year on year.

Wanaj0,
Keep pumping thanks for the valuable info, It has helped me too even though I didnt ask. Also that insight into Presco, Was wondering why Atedo Peterside was doing on the coy. Who knows his managerial prowess will give the coy a boost.
Cheers

Ben0524:
@ All GURU's

please does anyone know any information about ACEN INSURANCE? because i think they are on technical suspension and its been a long time i ve been mornitoring it at that #0.95k since 8 months ago,
does that mean they are on T.S or they planning to fold-up, please some one should enligthen me or give me a link to their webpage.

and the one of Universal Trust Bank (You.T.B) wats up with this guys too? REPLY URGENTLY


To al GURU's in the ROOM!!!

There was a shaking (recapitalization) in the Insurance industry.  Acen must have been affected.  My suggestion is that you just relax and wait for news as I cant find much news about them online too.  However if you try this link http://www.tribune.com.ng/12012007/insurance1.html
this i think is the latest news i can find about  ACEN. Find Intercontinental securities and enquire too.
Cheers

felo12:
ATTENSION!

Japaul plc site is not opening , according to a message on the site, >>>>>>>>>> This domain name expired on 10/15/07 and is pending renewal or deletion<<<<<<<<<<


This simply signify that japaul management are either irresponsible or stingy, I'm on the verge of investing in their ongoing IPO But this development is baffling me,

Checked that now and its still showing the same info. However never mind this can happen. Get alarmed if it does not come back by say Tuesday.

RoughCut:
CI Leasing PAT for YEnd Jan 31 2007 is actually N134M and PAT for YEnd Jan 31 2006=N99M

N176M for second quarter YEnd Jan 31 2008 if you annualize these figures assuming the trend is maintained(see no reason why not!) PAT would have grown by 162%

Expecting great things for full YEnd Jan 31 2008

Please can you provide a link to where you get this info from. I dont see this info on their web site.
Cheers

Crusader became a holding company Crusader Nigeria (Plc)(now the investment vehicle) with 2 wholly owned subsidiaries Crusader Life Insurance(Nig) Ltd and Crusader General Insurance because ins coys are now legally required to split their businesses into two: life and general insurance. So those companies acquired would have been spun off as part of either the general or life insurance business with Crusader (Nig) Plc as the parent company which explains why you wont be able to ascertain the number of shares listed.
So the situation is you have Crusader (Nig) Plc with two wholly owned subsidiaries Crusader life and Crusader general and going forward the acquisitions will probably not make much dent to the shares outstanding

Not sure what happened to the fifth insurance company may be they havent come to an arrangement


SO LONG AS THESE EXTRA SHARE ACQUIRED DOES NOT ADVERSLY AFFECT THE COY I GO FOR IT. Children today will become elders tomorrow. Time will change things.
Any way of getting these valuable information early enough. Have a strong feeling people actually profit from this lack of information.

yodiyokun:
N25 is very good - that represents 50% increase. I think the 18 months time frame is because of the illiquidity of the stock. If they do bonus , it should help the liquidity.

Whether bonus or not NGC is doing well and that quietly they dont have the usual hype.
I found them out of research and was glad when i saw the hidden arm - the oil servicing coy attached.
So 25 naira is a possibility,

wanajO,
I think every sector has the BEST and others, Insurance is the same, for now Crusader is ok Mbenefit went thro crazy sentimental trading but has settled. There are good companies and as the days roll by good stocks will become bargains, keep looking
Cheers

pinokio:
thanks 2 everyone on this thread, u've all been wonderful, i've just got 1 question as a fresh man investor;
1. i've got my cscs no. and my clearing house no. from my brokers( partnership inveatment limited) but i can't log onto the cscs website with it. i would like to confirm my ownership of the shares which i bought through partnership investment but i still have no evidence except the credit notes which they issued me for the shares. please let me know how i can confirm this. thanks

p.s. happy 100th page anniversary!!!! hope we all see page 1000

Ask your brokers for a cscs statement which the normal charge is about 100 naira, I would suggest also ask the brokers to put you on trade alert if you recide in nigeria
Cheers

EMMAACHILE:
Don't Sell Transcorp instead think of buying more and set a price limit at N4.00
This will reduce your overall cost of buying the stock
Transcorp is good for the long term and i bet you will not regret it.

What Emmaachile says is fine however IF YOU DONT HAVE ANY MORE MONEY TO INVEST
then sell cut the loss and put your money in another company. I dont see Transcorp waking up in a year, even with good publicity because even on this forum folks dont like the management yet. Judging from the sacking, leaving, resigning etc. of their directors its a RISKY venture to invest into for now.

RoughCut:
@Gbengaijot

i think you might want to read this--->http://businessdayonline.com/National/463.html

UNTL is closing down operations with the loss of 4000 jobs so i'm just a bit baffled where you got the info that UNTL might be worth investing in or what gave you the feeling you seem to have about investing in UNTL. There's nothing like doing your own due diligence and as someone has already pointed out you don't invest based on your feelings
Sounds a bit harsh but it just goes to prove there's no substitute for doing your own homework

Gbengaijot see also
http://www.sunnewsonline.com/national-09-10-2007-008.htm
Below is an excerpt of the publication:

"We have already lost the first quarter. We have lost N650 million already. By the third quarter, we are certainly going to lose N700 million.
"The shareholder’s fund is being affected. Unless stringent measures are taken now, we are not going to succeed.

"In 2006, we lost N700 million and for the past two or three years, we have not declared any dividend to the shareholders."

UNTL have not been able to reward shareholders for almost 2 years,
STAY CLEAR from textile for a while,

wanaj0:
Yes, momentum is over. No money to jerk up the price!!!!

I also think that investors are growing weary of banking stocks coupled with the emergence of better/poorer banking stock results to make for good comparison. My observation is that there are other bargins out there so why tie money down in Access.

gbengaijot:
I was having a look at basically three stocks, i don't know why, but i am having a feeling of buying them. Crusader Insurance, Evans Medical and vitafoam. Does anyone consider this a very stong buy at all?,


Does anyone know how i can get annual report (year 2000-2005) and 5-year summary (2000 - 2005) for this two companies:
1. NEM Insurance Co. PLC
2. United Nigerian Textiles.


I sure will appreciate your comments,

Bobs PLEASE never invest based on your feelings but some knowledge of the business your are interested in investing. For instance UNTL can yield some profit but when you look at the loose borders in the country (making importation of textiles easy) and other issues like no power for production, it a no go for me no matter how many of our leaders Etteh and co wear textiles (presuming that from the pics i see of her what she wears are UNTL products)

Summarily of the three mentioned Crusader has better prospects of growth.
Vitafoam is ok but if they dont work hard new guys like mouka foam etc are going to get a larger market share,

Cheers

I bought Zenith's Bank shares in 2004, and since then i have not recieved any certificate from them, not to mention bonuses, i want to know if any of the shareholders has recieved any thing from them, cause i am starting to smell foul play  


Attn Sergio!!
Just a few questions?
Which adddress did you use to buy the IPO?
Have you changed address since then?
If the answers to the above are negative then there sure is something wrong with your zenith,  I had received my certificate and at least one dividend payment.  Call the registrars using this:

Zenith Registrars Limited
1, Prince Ade Odedina Street
Victoria Island Extension
Lagos, Nigeria

Tel: 234-1-2708930-4

E-mail: enquiry@zenithregistrars.com



Act quickly because I more than smell foul

LondonCool:
Can scanned copies of IPO share forms be accepted for purchased of shares anyone ? I'm trying to beat the deadline of Dangote Flour instead of sending my form by post from UK.

Yes London cool
I send most of my correspondence that way
cheers